EchoStar (SATS) to Release Earnings on Thursday

EchoStar (NASDAQ:SATS) is expected to post its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect EchoStar to post earnings of ($0.63) per share and revenue of $3.93 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

EchoStar Stock Down 2.3 %

Shares of SATS opened at $28.34 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.67 and a quick ratio of 0.61. EchoStar has a 1 year low of $11.83 and a 1 year high of $30.55. The stock has a 50 day simple moving average of $26.07 and a two-hundred day simple moving average of $24.26. The firm has a market cap of $7.70 billion, a P/E ratio of -3.09 and a beta of 0.72.

Analyst Upgrades and Downgrades

SATS has been the subject of several recent research reports. UBS Group boosted their price objective on EchoStar from $15.00 to $28.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Morgan Stanley assumed coverage on EchoStar in a report on Monday, December 16th. They set an “equal weight” rating and a $25.00 target price for the company. StockNews.com upgraded EchoStar to a “sell” rating in a report on Saturday, November 9th. Finally, TD Cowen decreased their price objective on EchoStar from $37.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $23.75.

EchoStar Company Profile

EchoStar Corporation, together with its subsidiaries, provides networking technologies and services worldwide. The company operates in four segments: Pay-TV, Retail Wireless, 5G Network Deployment, Broadband and Satellite Services. The Pay-TV segment offers a direct broadcast and fixed satellite services; designs, develops, and distributes receiver system; and provides digital broadcast operations, including satellite uplinking/downlinking, transmission and, other services to third-party pay-TV providers; and multichannel, live-linear and on-demand streaming over-the-top internet-based domestic, international, Latino, and Freestream video programming services under the DISH and SLING brand names.